The Peiffer Rosca Wolf securities lawyers recently filed a lawsuit on behalf of investors who purchased bonds that were offered by entities controlled by Christopher Brogdon. Investors who purchased any such bonds are encouraged to contact the Peiffer Rosca Wolf securities lawyers for a free, no-obligation evaluation of their legal options.

SEC Takes Action Against Brogdon

In November 2015, the Securities and Exchange Commission brought an action against Christopher Brogdon alleging that Brogdon had committed fraud in connection with his entities’ bond offerings. Brogdon raised millions from investors for the purpose of purchasing, renovating, expanding, and/or managing nursing homes or assisted living facilities, however, he paid investors with money raised from other investors and used investors’ money for his personal expenses, according to the SEC.

Several Brogdon-sponsored bond programs are currently in default. Brogdon bond programs that are currently outstanding – whether or not in default – include:

– Liberty County Industrial Authority First Mortgage Revenue Bonds 1992A&B Liberty Manor/Midway (Liberty Bond Offering) – sold on September 30, 1992 in the amount of $4,800,000.

– Toombs County Development Authority First Mortgage Revenue Bonds 1997 A&B/Summers Landing/Vidalia (Toombs Bond Offering) – sold on May 30, 1997 in the amount of $2,315,000.

– Development Authority of Bibb County Healthcare Facility Revenue Bonds 2000 Hartley Woods Healthcare Center (Bibb I Bond Offering) – sold on March 16, 2000 in the amount of $4,550,000.

– The Medical Clinic Board of the City of Montgomery – 1976 East (Bell Oaks Bond Offering) – sold on June 10, 2010 in the amount of $3,750,000.

– The Medical Clinic Board City of Hoover First Mortgage Healthcare Facility Revenue Bonds 2010A&B/Riverchase Village (City of Hoover Bond Offering) – sold on June 25, 2010 in the amount of $6,365,000.

– Bleckley-Cochran Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC/Bleckley-Bryant (Bleckley-Cochran Bond Offering) – sold to investors on April 30, 2013 in the amount of $5,850,000.

– The Medical Clinic Board of the City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2013A&B Mobile III/Knollwood (Mobile III Bond Offering) – sold on September 26, 2013 in the amount of $8,610,000.

– City of Springfield, Ohio First Mortgage Revenue Bonds 2012A&B/Springfield – Eaglewood (City of Springfield Bond Offering) – sold on April 12, 2012 in the amount of $7,230,000.

Peiffer Rosca Wolf Attorneys Also Take Action

The Peiffer Rosca Wolf securities lawyers recently filed a case on behalf of Brogdon bond investors in an effort to recover their losses. Their goal is to supplement whatever recovery investors may be eligible to receive through the SEC’s case. Alan Rosca, James Booker, and the other attorneys at the Peiffer Rosca Wolf law firm represent individual and institutional investors who have suffered financial losses as a result of unlawful conduct by financial professionals. They take most of their cases on a contingency fee basis, advance the case expenses, and typically only get paid for their fees and case expenses they advanced if and when they recover money for their clients.

Investors in municipal bond offerings orchestrated by Brogdon and/or his entities may contact attorneys Alan Rosca or James Booker toll-free at 888-998-0520, by email, at arosca@prwlegal.com, or by filling out the contact form on www.brogdoninvestors.com, for a free, no-obligation evaluation of their investment recovery options.

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.

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